focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
MrBBD. Thankyou for the link. The numbers for major holders there are more recent than the RCN website itself. Curious RCN did not run their own interpretatuon on the FCA announcement. Should they have put out a news item alongside the RNS? A more mature co may have done so. Did I miss something,?
Todays RNS shows GS have reduced their holding below 3%. By my calculation they must have sold circa 700k shares to do that, but the RNS does not give their exact holding so it could be more. So far there is no corresponding purchase from another buyer. If the shares were sold on the open market in this volume surely we would have seen a drop in price today? I feel that this is getting a bit too opaque for me.
GDF. I agree with all you have said. At these prices I am in profit, having bought most of my holding 4-6 weeks back, so in no rush to sell. and Yes - It does seem odd that we are not hearing more from the company given their results for 16_17 are due soon and they have II's all over their shares for the past few weeks. Perhaps its a case of once bitten.....
Wenlock, With the best will in the world the government will struggle to pull services back in-house. The in-house skills probably do not exist and civil servants are not usually quick to volunteer. You have a good theory, but IMO not likely to happen in this generation.
A good summary of the numbers but no mention of the interest from II's, nor the outstanding quality of the recently upgraded senior management team. These are the reasons I am in for the long term.
MrBasse - Maybe not a takeover. Major shareholdings account for nearly 60% of the capital - http://www.redcentricplc.com/about-us/investors/shareholder-information/ Most of these are waiting for a price recovery IMO.